Daito Chemix Balance Sheet Health
Financial Health criteria checks 4/6
Daito Chemix has a total shareholder equity of ¥14.5B and total debt of ¥5.7B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are ¥24.4B and ¥9.9B respectively. Daito Chemix's EBIT is ¥910.0M making its interest coverage ratio -91. It has cash and short-term investments of ¥2.6B.
Key information
39.5%
Debt to equity ratio
JP¥5.72b
Debt
| Interest coverage ratio | -91x |
| Cash | JP¥2.64b |
| Equity | JP¥14.49b |
| Total liabilities | JP¥9.88b |
| Total assets | JP¥24.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4366's short term assets (¥13.1B) exceed its short term liabilities (¥6.2B).
Long Term Liabilities: 4366's short term assets (¥13.1B) exceed its long term liabilities (¥3.7B).
Debt to Equity History and Analysis
Debt Level: 4366's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: 4366's debt to equity ratio has increased from 33.6% to 39.5% over the past 5 years.
Debt Coverage: 4366's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: 4366 earns more interest than it pays, so coverage of interest payments is not a concern.